Starwood Hotels sees having opened 71 new hotels by end 2012

Starwood Hotels & Resorts said 2012 was a year of the most deal signings since before the global economic crisis. Before year-end, the company expects to have signed in excess of 125 new hotel management and franchise agreements, surpassing last year’s deal signings by approximately 13%. By year end 2012, Starwood expects to have opened 71 new hotels, representing approximately 18,500 rooms in 20 countries, expanding its footprint particularly in developing markets. Starwood’s pipeline in developing markets is at the highest levels ever, the company added.

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